Commodities
Oil Retreats as Trump’s Tariffs Drive Uncertain Economic Outlook
This article is for subscribers only.
Oil edged down as uncertainty about US President Donald Trump’s tariff plans muddies the economic outlook.
West Texas Intermediate futures fell 0.4% to settle above $71 a barrel, after gaining 3.1% on Monday. The S&P 500 also edged lower as Trump prepared to implement reciprocal tariff plans that have raised worries about the strength of the world’s largest economy.